By admin       2018-06-18

The Dec contract took it on the chin this week (mostly on Friday), giving up 275 pts to finish at 89.85. The Dec – Mar spread finished near flat, inverted at 9 points. It was a rather large news week for agricultural markets, and especially for cotton. A neutral supply and demand report from the USDA was followed by a release of generally supportive US export data. The Fed raised interest rates, which was expected, but now is looking at 4 rate hikes this year versus the originally planned three. There were numerous points to ponder on international trade as well as weather issues for traders to consider

Download App

# #

Member Login